Company Valuation: IPH Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,786 1,839 1,553 1,193 989.4 922.7 - -
Change - 2.99% -15.53% -23.18% -17.09% -6.74% - -
Enterprise Value (EV) 1 1,859 2,179 1,912 1,548 989.4 1,229 1,196 1,164
Change - 17.23% -12.25% -19.05% -36.07% 24.23% -2.67% -2.66%
P/E 34x 27.5x 25.2x 17.8x 12.5x 9.31x 8.66x 8.32x
PBR 4.16x 3.19x 2.45x 1.71x - 1.48x 1.49x 1.5x
PEG - 1.5x -2x 5.41x 0.6x 0.4x 1.17x 2.03x
Capitalization / Revenue 4.64x 3.69x 2.55x 1.68x 1.39x 1.3x 1.28x 1.26x
EV / Revenue 4.83x 4.37x 3.13x 2.18x 1.39x 1.73x 1.66x 1.59x
EV / EBITDA 13.5x 12.8x 9.78x 7.47x 4.81x 6.09x 5.81x 5.56x
EV / EBIT 15.4x 18.7x 10.7x 8.21x 5.25x 6.76x 6.46x 6.18x
EV / FCF 21.2x 25.7x 15.8x 12.3x - 9.64x 8.14x 7.98x
FCF Yield 4.72% 3.9% 6.32% 8.13% - 10.4% 12.3% 12.5%
Dividend per Share 2 0.305 0.33 0.35 0.365 - 0.3821 0.3951 0.4046
Rate of return 3.74% 4.21% 5.58% 7.97% - 10.6% 11% 11.2%
EPS 2 0.24 0.2843 0.249 0.2572 0.3082 0.3868 0.4155 0.4325
Distribution rate 127% 116% 141% 142% - 98.8% 95.1% 93.5%
Net sales 1 385.1 498.1 609.9 710.3 712.8 709.2 720.6 733.4
EBITDA 1 137.4 170 195.5 207.2 205.9 202 205.9 209.4
EBIT 1 120.7 116.7 178.3 188.5 188.3 181.9 185.3 188.5
Net income 1 52.56 64.54 60.8 68.8 80.4 90.7 96.51 100.5
Net Debt 1 73.02 339.9 358.6 354.4 - 306.4 273.6 241.8
Reference price 2 8.160 7.830 6.270 4.580 3.860 3.600 3.600 3.600
Nbr of stocks (in thousands) 218,819 234,856 247,738 260,544 256,312 256,293 - -
Announcement Date 8/17/22 8/16/23 8/21/24 8/20/25 8/19/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.28x1.81x6.32x10.3% 684M
37.1x6.76x24x0.93% 81.44B
38.96x1.29x13.92x0.96% 17.31B
20.16x2.06x10.15x3.65% 14.22B
25.4x2.84x12.14x2.94% 12.23B
24.76x3.46x13.31x2.34% 7.94B
15.43x0.66x9.25x1.39% 7.05B
10.41x1.22x6.53x2.02% 6.21B
21.8x2.35x11.08x-.--% 5.62B
18.83x0.4x9.3x3.96% 5.41B
Average 22.21x 2.29x 11.60x 2.85% 15.81B
Weighted average by Cap. 30.95x 4.38x 17.82x 1.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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